Casino operator Genting Hong Kong is to delist from the main board of the Singapore Stock Exchange.
The company has received confirmation from the SGX that it has no objections to the proposed voluntary delisting of the shares of the company, subject to certain conditions. The company will retain its primary listing on the Hong Kong Stock Exchange.
Tan Sri Lim Kok Thay, chairman and chief executive officer of Genting Hong Kong, said: “Genting Hong Kong’s proposed delisting from the SGX comes after careful consideration and is in line with our growth strategy and plans to enhance value for all our shareholders in the long term. Maintaining a single primary listing on the main board of the HKSE will potentially increase the trading of the company’s shares on the HKSE, which will enhance the company’s profile among north Asian investors.
“The consolidated trading of the company’s shares on the HKSE arising from the proposed delisting is also expected to increase the liquidity of such shares on the HKSE, thereby improving the effectiveness of any future capital raising activities to be undertaken by the company.”
